AIG says it ’has reached a mutual agreement’ with Neal ’that he will no longer be joining the company due to personal circumstances’
AIG has announced that former Lloyd’s of London chief executive John Neal will no longer be joining the insurer.
Neal was due to join AIG in December 2025 as president, with the role seeing him lead AIG’s general insurance organisation.
However, in an SEC filing published on 14 November 2025, AIG said that it ”has reached a mutual agreement” with Neal “that he will no longer be joining the company due to personal circumstances”.
“AIG chairman and chief executive Peter Zaffino will continue to work with the board on the future organisational structure of the company to drive performance on behalf of its clients, partners and stakeholders,” the statement added.
Experience
Neal became Lloyd’s chief executive in 2018 and has led the strategic direction of the marketplace.
Read: Neal thanks colleagues for helping ‘turn the great ship of Lloyd’s around’
Read: Briefing – Lloyd’s of London’s choice of chief executive will define its future
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He also oversaw the strategic agenda to deliver digital, operational and cultural change for the long-term future of the market.
In January 2025, it was announced that he would step down as Lloyd’s chief executive to join Aon as global chief executive of reinsurance and global chairman of climate solutions.
He then reversed course on his decision to join Aon, with him being announced as the new president at AIG in July 2025.
Now that he is not joining AIG, it is not clear what Neal’s next career move will be.
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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